1099 form?

[Alissa13]

Was wondering at what point should I start to worry about tax information. I am a new little business in which I make things and sell them. I work out of my home and really don't sell a lot, like I said I am very new at this and am not sure how to go about doing any of this and just starting out trying to get word out and make sales.

Thanks

[Jennlandia]

Hi! That's a great question, and the short answer is that you need to be tracking your income and expenses right away, because you never know how much money you will make. Plus, if you're in the U.S. you are required to file a Schedule C along with your form 1040 at the end of the year to manage all that income.

I highly recommend that you make an Outright.com account and integrate your PayPal account. This will automatically track your income and expenses (sales, shipping, etc.) 

They also have a short guide to taxes you have to pay as an online seller. I hope this helps!